Chesapeake Utilities Reports Q2 2025 Results: Adjusted EPS Up 20.9% YoY, Capital Deployment Reaches $213mln YTD

Chesapeake Utilities reported Q2 2025 results with net income of $23.9 million, or $1.02 per share, and adjusted EPS of $1.04, a 20.9% YoY increase. Adjusted gross margin grew 12.8% YoY. The company reaffirmed its 2025 adjusted EPS guidance of $6.15-$6.35 per share and increased its capital guidance range to $375-$425 million.

Title: Chesapeake Utilities Reports Strong Q2 2025 Results, Increases Capital Expenditure Guidance

Chesapeake Utilities Corporation (NYSE: CPK) reported robust financial results for the second quarter of 2025, with net income of $23.9 million, or $1.02 per share, and adjusted earnings per share (EPS) of $1.04, a 20.9% year-over-year (YoY) increase. The company's adjusted gross margin grew by 12.8% YoY, driven by natural gas organic growth, transmission projects, and increased compressed natural gas services. Chesapeake Utilities reaffirmed its 2025 adjusted EPS guidance of $6.15 to $6.35 per share and increased its capital expenditure (CapEx) guidance range to $375 to $425 million.

The company's adjusted net income for the second quarter was $23.9 million, compared to $18.2 million in the second quarter of 2024. Excluding transaction and transition-related expenses associated with the acquisition and integration of Florida City Gas (FCG), adjusted net income was $24.3 million, or $1.04 per share. This resulted in EPS and adjusted EPS growth of 24.4% and 20.9%, respectively, compared to the second quarter of 2024 [1].

Chesapeake Utilities' adjusted gross margin increased by $16.2 million, driven by natural gas organic growth, transmission projects, and increased compressed natural gas services. The company's capital expenditure (CapEx) guidance for 2025 was increased to $375-$425 million, reflecting progress on various capital projects [1]. The company declared a quarterly cash dividend of $0.685 per share, payable on October 6, 2025 [1].

Chesapeake Utilities also announced a note purchase agreement and second amended credit agreement, further solidifying its financial position. The company's equity capitalization target of 50% was reached, and total book capitalization exceeded $3 billion for the first time [2].

References:
[1] https://www.stocktitan.net/news/CPK/chesapeake-utilities-corporation-reports-second-quarter-2025-jwx22gvnram6.html
[2] https://www.prnewswire.com/news-releases/chesapeake-utilities-corporation-reports-second-quarter-2025-results-302524809.html